Why is Le Travenues falling/rising?

As of 15-Sep, Le Travenues Technology Ltd is experiencing a decline in its stock price, currently at Rs 289.90, which reflects a decrease of Rs 19.45 or 6.29%. The stock has underperformed its sector by 5.4% today and has been on a consecutive downward trend for the last two days, resulting in a total drop of 9.86% in that period. Despite a strong performance over the past year with an 85.95% return, the stock has faced recent volatility, touching an intraday low of Rs 286. The company has shown healthy growth in net sales and operating profit, and it maintains a low debt-to-equity ratio, which are positive indicators. However, the stock's valuation appears expensive with a high price-to-book value, which may be contributing to the recent price decline. In the broader market context, the stock's short-term performance has lagged behind the benchmark, with a 1-week return of -2.14% compared to the Sensex's gain of 1.24%. While the stock has demonstrated strong long-term growth, the recent downturn could be influenced by market conditions and investor sentiment, particularly given the high volatility observed today. The increase in institutional holdings suggests confidence in the company's fundamentals, but the high valuation metrics may be causing caution among investors, leading to the current price drop.